Overall spend optimization process

Key role(s)


Implementing a global and systematic cost optimization process


Industrializing optimization

A comprehensive cost optimisation process ensures that no aspect is forgotten and that the method is standardised:

High-level optimization process from Gartner
High-level optimization process from Gartner
  • Eliminate: Decommission everything that doesn't exist
  • Simplify: Eliminate duplication and combine execution tasks
  • Utilize: Maximize resource utilization by spreading the load
  • Standardize: Industrialize processes as much as possible to reduce variability
  • Centralize: Seek economies of scale by capitalizing on key resources
  • Automate: Eliminate manual procedures and automate as much as possible
  • Rebalance: Compete for services that can be competed, renegotiate contracts

And then always start over! With a continuous improvement loop, because a FinOps approach is never finished.

Continuous improvment loop
Continuous improvment loop

The vision gives a target, changes are evaluated and then it all starts all over again. But in order to be able to evaluate changes and the achievement of targets, one must be able to measure (see "2S1 - Definition of objectives and KPIs").

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Benchmarking expenses

ID 3R2

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Supplier price management

ID 3O2